TFC Financial Management Inc. Cuts Stock Holdings in Expedia Group, Inc. (NASDAQ:EXPE)

TFC Financial Management Inc. lessened its stake in Expedia Group, Inc. (NASDAQ:EXPE) by 1.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,479 shares of the online travel company’s stock after selling 76 shares during the quarter. TFC Financial Management Inc.’s holdings in Expedia Group were worth $1,207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SRH Advisors LLC purchased a new stake in Expedia Group in the 4th quarter worth $28,000. Grove Bank & Trust increased its holdings in Expedia Group by 676.2% in the 4th quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after acquiring an additional 142 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in Expedia Group by 709.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 332 shares of the online travel company’s stock worth $49,000 after acquiring an additional 291 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Expedia Group during the 3rd quarter worth $51,000. Finally, Golden State Wealth Management LLC acquired a new stake in Expedia Group during the 4th quarter worth $72,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Insiders Place Their Bets

In related news, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $185.15, for a total value of $1,851,500.00. Following the sale, the director now directly owns 168,505 shares in the company, valued at $31,198,700.75. The trade was a 5.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert J. Dzielak sold 1,951 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $180.00, for a total transaction of $351,180.00. Following the completion of the sale, the insider now owns 85,250 shares in the company, valued at $15,345,000. This represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,951 shares of company stock valued at $3,900,580. 6.80% of the stock is owned by corporate insiders.

Expedia Group Stock Up 2.7 %

Shares of NASDAQ:EXPE opened at $202.61 on Thursday. The firm’s 50 day moving average price is $183.05 and its 200 day moving average price is $161.87. The stock has a market cap of $26.00 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 0.82 and a beta of 1.82. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $207.73. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.03.

Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, February 6th. The online travel company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a net margin of 9.01% and a return on equity of 55.42%. As a group, equities research analysts predict that Expedia Group, Inc. will post 10.75 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 0.79%. This is a boost from Expedia Group’s previous quarterly dividend of $0.34.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EXPE. StockNews.com cut shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 7th. BMO Capital Markets lifted their target price on shares of Expedia Group from $165.00 to $190.00 and gave the stock a “market perform” rating in a research note on Monday. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $210.00 target price (up previously from $180.00) on shares of Expedia Group in a research note on Friday, February 7th. Jefferies Financial Group boosted their price target on shares of Expedia Group from $145.00 to $160.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group boosted their price target on shares of Expedia Group from $208.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Nineteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.64.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.